Optum's House & Group Enterprise Reportedly Faces Layoffs

Optum's House & Group Enterprise Reportedly Faces Layoffs

UnitedHealth Group's (NYSE: UNH) Optum has reportedly been conducting a spherical of layoffs, particularly at Landmark Well being, a house well being care firm.

Optum agreed to amass Landmark Well being in early 2021. In early 2023, Optum additionally acquired residence care group Prospero Well being and folded it into Landmark Well being.

Whereas the layoffs aren’t distinctive to Landmark, they’re a “significant slice,” in accordance with Fierce Healthcare. Particularly, not less than 100 licensed social staff have been laid off nationwide. Social employee managers have additionally been affected.

Landmark can be pulling out of almost 20 markets, in accordance with nameless workers who spoke to Fierce.

Episource, one other Optum subsidiary, was additionally affected by the layoffs. Optum laid off staff inside its Optum House & Group Care division earlier this 12 months. Landmark falls underneath the House & Group Care umbrella.

In Could, Optum laid off workers in departments aside from residence care.

House Well being Care Information reached out to Optum for remark however had not heard again as of this story's publication.

UnitedHealth Group has confronted important headwinds of late. One other subsidiary, Change Healthcare, was hit by an enormous cyberattack earlier this 12 months. It has additionally been the topic of an antitrust investigation by the U.S. Division of Justice.

In the meantime, it continues to develop its residence well being portfolio. It already owns LHC Group, one of many largest residence well being care suppliers within the nation. It’s within the strategy of buying Amedisys Inc. (Nasdaq: AMED), one other of the biggest residence well being care suppliers.

The Amedisys deal was additionally initially focused by antitrust regulators. However Amedisys has agreed to divest a sure variety of its areas to VitalCaring, in a transfer that might pave the way in which for the deal.

UnitedHealth Group generated income of $98.9 billion within the second quarter, a rise of greater than 6% 12 months over 12 months.

Optum generated $62.9 billion within the quarter, up almost 12% year-over-year.

Leave a Reply

Your email address will not be published. Required fields are marked *